402 - 253 LESTER Street
Waterloo, Ontario
5 bed • 2 bath • Single Family
Exceptional investment opportunity! Ideally located just minutes from the University of Waterloo and Wilfrid Laurier University making it a valuable addition to any investor's portfolio! Featuring five spacious bedrooms and two full bathrooms this home offers a thoughtfully designed layout with a large common area complete with an L-shaped kitchen and a bright open living room - perfect to relax and gather! Condo fees include heat and water. The building features parking, shared laundry facilities, elevator access and close proximity to transit, shopping, all amenities and much more! Potential to generate over $50,000 per year with current rents!
Price History
Schools
Secondary
- Waterloo Collegiate Institute0.7 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.2 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.8 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School0.9 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.3 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Our Lady of Lourdes Catholic Elementary School1.7 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Waterloo · last 12 months
- Median sold price
- $691,750
- Homes sold
- 1,046
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,046 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$113,980
Estimated Monthly Payment
$2,800
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,800/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $142/mo
Estimates only. Consult a financial advisor.
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